What Is A QDRO?
A qualified domestic relations order, or QDRO, is a special order used by retirement plans as a way to divide a pension or retirement account as part of a divorce. The order itself is separate from the divorce decree or judgment, should be pre-approved by the Retirement Plan, agreed to by the parties and signed by a judge.
This process needs to be overseen by a qualified lawyer. This work can be time-consuming and technically difficult, but doing it well can be crucial to ensuring that a divorce settlement is fair to both parties.
Types of QDROs prepared by The Fisher Law Firm, LLC:
- Defined Benefit Plans or Pension Plans
- Defined Contribution Plans (like a 401(k))
- Federal, State and Local Government Plans
Preparing Your Family For The Future
Many people feel uncomfortable with the topic, but preparing your Will or Trust can be the one of the best things you can do to prepare your family for the future and ensure that you leave a positive legacy.
Estate planning is not just for the very wealthy or the very old. All kinds of families can benefit from a well-planned estate, and all kinds of people can find some peace of mind in knowing that they have prepared for an orderly distribution of their assets and helped provide for their loved ones or favorite charities.
Different Plans For Different Needs
There are almost as many different types of estate plans as there are types of families. At The Fisher Law Firm, LLC, we help clients with a variety of issues in estate planning, including:
- Family trusts
- Charitable gifts
When you come to us for help with planning your estate, we interview you at length to find out your concerns, your needs and those of your family. We try to get to know you and learn what you would like your legacy to be. From there, we discuss your options so that you can choose the plan that best meets your wishes and work together to put it into place.
Do It Right
A poorly-crafted estate plan can create serious problems in the future. An experienced estate planning lawyer can guide you through the many formalities and requirements that must be met before these documents can be considered legally effective.
At The Fisher law Firm, LLC, we can help you create a plan that addresses the many possibilities that can come up in the years ahead. When we are finished, you will know that whatever happens, your wishes will be respected and your beneficiaries protected.
There Is No Time Like The Present
To get started with preparing for your family’s future, call The Fisher Law Firm, LLC, today at 816-853-5908. You can also reach our attorney by email. We represent clients in the Kansas City, Missouri, metropolitan area.